Suffering a record drop. Earning season is in full swing. Pharmaceutical giant merck topping estimates but cutting its guidance as the coronavirus pushes the rest of its portfolio to the sideline. The ceo ken frazier will join us for an exclusive interview in just a few moments kelly. Looking forward to that. Health care and tech are two of the stock sectors leading stocks lower today. Lets get to bob with a lot more for us just the fact were up three points on the s p is remarkable. This is the second day in a row this has happened. I cant remember when but were down 1 or 2 on all the big names. Microsoft and apple, google and amazon look at all those stocks down. The s p is still up 3 the reason were up is because banks and industrials have helped out today look at these industrials. 3m is seeing growth in some of the safety the blue angels just flew over theres a big roar outside pepsi, xerox, u. P. S. , Harley Davidson withdrawing guidance. Here is a list of the companies withdrawi
Go, it is the only index that is higher for the year. Lets bring back our investment strategist at allie on global advisors. Something romaine mentioned, the low volume. They, down about 14 versus average. In may and gosell away. How much can we rely on these doesnal trends to work, or that go out the window because we are in unprecedented times . Coincidentally, we are at a point where markets are at a bit of a crossroads here. We are just beginning this reopening process. Very much the coast of the country, where the High Economic stillnancial hubs are, largely closed. There is a lot of uncertainty on what lies on the others of this process. I think the market move does put us at a point where we may be priced to a very positive or at least the baseline stable scenario. You is interesting, and probably noticed this as well, but the dichotomy in the market from a sector by sector perspective is striking. Financials, energy, industrials. These are sectors you would expect to start movi
Dow. Stocks are having a nice bounce on some renewed optimistic about reopening the economy in various states of the nasdaq closing in on going flat for the year oil is up on signs of gas repairing. A general believe in a Third Quarter rebound has some exists warning too much optimism too early. For that we will turn to steve lease man. Carl, good morning. The rapid update does indeed show this historic, unprecedented Second Quarter decline. A Third Quarter rebound. And i want to talk about that. The Third Quarter rebound is even more ingrained. Stocks trade on this idea after we get through the Second Quarter, you will have a Third Quarter rebound. Down 34 after minus 6 . Up 16 in the third. Up 12 in the fourth 7 in the first quarter. Not enough to make up for the year where the average of our 11 economists is 5 decline but take a look now at a bunch of outliars. They are contrarians on the street on this Third Quarter rebound. The q3 rebound bears bank of america, minus 1 . Rsm up ju
Cofounder and director of the institute of human virology at the university of Maryland School of medicine. Vaccinesses potential and treatment for covid19. Washington journal for april 29. The Treasury Department reports 158 billion in stimulus payments have been paid out in the first three weeks. Host the Department Reports secret service, survivor disability nonfilers should have their payments direct deposited by today. In our next hour, we want to hear from you. If you either requested or received federal or state financial help because of the coronavirus pandemic. Whether that be stimulus payment, unemployment assistance, help with rent, or help for your Small Business. Heres your chance to let us know about your experience in this next hour. If you requested aid, 2027488,000 is the number to call. If you received aid, 2028001 is the number to call. You can also section us at 2027488003. Tweet us cspanwj. Post on facebook at facebook. Com cspan. Stimulus checks as they are known
Unique. Take hiv. E, lets we showed hiv was the cause of aids. This was hard because the virus is hard to find, hard to grow, and the disease does not show up until years later. Establishing strong evidence to get people to say, this is it was not easy. Number this virus, sars 2 it is easy to find. It replicates so much that it is obvious and quick to cause disease. You do not argue about whether this is the cause. They present different challenges. People have said they have never seen anything like this. Yes in terms of the social angle but of course there has been epidemics like this. We just have to broaden our Knowledge Base or just read over the course of history of medical science. The great flu of 1918 was worse. It killed a quarter of the world. Rnae are viruses that carry dna that are subject to more mutation. Infectiousways more so each one is a problem. What is unique . The social impact in our lifetime. The magnitude of it. What is unique it is not unique but what a specia